Yesterday, through a separate wholly-owned subsidiary, Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, agreed to extend the present time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its post-panamax dry bulk vessels, the m/v Electra. The gross charter rate is US$13 500/d, minus a 5% commission paid to third parties, for a period until minimum 15 September 2019 and maximum 15 December 2019. The new charter period commenced on 19 October 2018. The m/v Electra was chartered, as previously announced, at a gross charter rate of US$8000/d, minus a 5% commission paid to third parties.
The “Electra” is a 87 150 DWT post-panamax dry bulk vessel built in 2013.
The employment extension of Electra is anticipated to generate approximately US$4.40 million of gross revenue for the minimum scheduled period of the time charter extension.
Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 newcastlemax, 14 capesize, 5 post-panamax, 5 kamsarmax and 22 panamax). Following this announcement, the combined carrying capacity of the company’s fleet is approximately 5.8 million DWT with a weighted average age of 9.17 years.
Read the article online at: https://www.drybulkmagazine.com/shipping/24102018/diana-shipping-extends-time-charter-contract-with-uniper-for-mv-electra/